U.S. Bancorp (NYSE:USB) Reaches New 1-Year High After Better-Than-Expected Earnings

Shares of U.S. Bancorp (NYSE:USB) hit a new 52-week high during mid-day trading on Thursday after the company announced better than expected quarterly earnings. The company traded as high as $64.27 and last traded at $63.4520, with a volume of 1558160 shares traded. The stock had previously closed at $63.01.

The financial services provider reported $1.35 earnings per share for the quarter, beating the consensus estimate of $1.28 by $0.07. U.S. Bancorp had a return on equity of 13.55% and a net margin of 18.01%.The business had revenue of $7.71 billion for the quarter, compared to analysts’ expectations of $7.58 billion. During the same quarter in the previous year, the business posted $1.11 EPS.

U.S. Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were issued a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 3.3%. The ex-dividend date was Tuesday, June 30th. U.S. Bancorp’s dividend payout ratio (DPR) is 43.61%.

Key U.S. Bancorp News

Here are the key news stories impacting U.S. Bancorp this week:

• Positive Sentiment: U.S. Bancorp posted quarterly earnings of $1.35 per share, above Wall Street expectations, with higher net interest income, fee revenue, and loan growth all contributing to the beat. U.S. Bancorp Q2 Earnings Beat Estimates on NII & Fee Revenue Growth
• Positive Sentiment: The company reported record quarterly revenue of $7.71 billion, helped by strong loan growth, broad fee momentum, and a one-month contribution from BTIG, signaling improving operating leverage. U.S. Bancorp Rides Payments Boom to Record Revenue
• Positive Sentiment: Management raised its 2026 revenue guidance, reinforcing confidence that recent growth trends can continue into the back half of the year. U.S. Bancorp Reports Record Revenue, Raises Outlook
• Neutral Sentiment: Several reports highlighted that the bank’s earnings call pointed to broad-based strength across lending, fees, and payments, which supports the bullish tone but adds little new detail beyond the earnings release. U.S. Bancorp Earnings Call Signals Broad-Based Strength
• Negative Sentiment: One concern from the quarter was higher expense growth, which tempered enthusiasm somewhat even though it did not outweigh the earnings beat. U.S. Bancorp Q2 earnings beat, but expense growth disappoints

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Truist Financial increased their price objective on shares of U.S. Bancorp from $62.00 to $66.00 and gave the stock a “buy” rating in a research report on Friday, June 26th. UBS Group raised their price objective on shares of U.S. Bancorp from $58.00 to $66.00 and gave the stock a “neutral” rating in a report on Tuesday, July 7th. Stephens began coverage on shares of U.S. Bancorp in a research report on Monday, June 15th. They issued an “equal weight” rating and a $63.00 price objective on the stock. Jefferies Financial Group raised shares of U.S. Bancorp from a “hold” rating to a “buy” rating and upped their target price for the stock from $60.00 to $75.00 in a research note on Monday, July 6th. Finally, Raymond James Financial assumed coverage on U.S. Bancorp in a report on Wednesday, July 8th. They set a “strong-buy” rating and a $72.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $64.31.

Insider Buying and Selling

In other news, EVP Venkatachari Dilip sold 34,522 shares of the business’s stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $55.52, for a total value of $1,916,661.44. Following the sale, the executive vice president owned 51,292 shares of the company’s stock, valued at $2,847,731.84. The trade was a 40.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Jodi L. Richard sold 40,000 shares of the stock in a transaction on Tuesday, April 21st. The stock was sold at an average price of $57.00, for a total transaction of $2,280,000.00. Following the transaction, the insider owned 207,251 shares of the company’s stock, valued at $11,813,307. The trade was a 16.18% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 0.21% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Clayton Financial Group LLC bought a new position in shares of U.S. Bancorp in the 4th quarter valued at about $25,000. Financial Life Planners bought a new stake in U.S. Bancorp during the first quarter worth about $27,000. Main Street Group LTD bought a new stake in U.S. Bancorp during the first quarter worth about $28,000. JPL Wealth Management LLC bought a new stake in U.S. Bancorp during the third quarter worth about $28,000. Finally, Binnacle Investments Inc boosted its position in U.S. Bancorp by 77.8% during the third quarter. Binnacle Investments Inc now owns 624 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 273 shares during the last quarter. Institutional investors own 77.60% of the company’s stock.

U.S. Bancorp Stock Performance

The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 1.03. The stock has a 50 day simple moving average of $57.74 and a two-hundred day simple moving average of $56.03. The stock has a market capitalization of $99.10 billion, a P/E ratio of 13.39, a P/E/G ratio of 1.08 and a beta of 0.96.

About U.S. Bancorp

U.S. Bancorp (NYSE: USB) is a bank holding company and the parent of U.S. Bank, a national commercial bank that provides a wide range of banking, investment, mortgage, trust and payment services. The company operates through consumer and business banking, commercial banking, payment services, and wealth management segments. Its product set includes deposit accounts, consumer and commercial lending, mortgage origination and servicing, credit and debit card services, treasury and cash management, merchant processing, and institutional and trust services.

Headquartered in Minneapolis, Minnesota, U.S.